Harley-Davidson Inc. (NYSE:HOG) released its earnings results on Tuesday. The company reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year.
Harley-Davidson (NYSE:HOG) opened at 54.19 on Wednesday. The company has a market capitalization of $9.79 billion, a P/E ratio of 14.42 and a beta of 1.05. Harley-Davidson has a one year low of $36.36 and a one year high of $57.33. The firm has a 50-day moving average of $51.58 and a 200-day moving average of $49.01.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.58%. Harley-Davidson’s dividend payout ratio is presently 36.65%.
HOG has been the topic of a number of recent research reports. TheStreet raised Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Citigroup Inc. lifted their target price on Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Vetr raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.25 target price on the stock in a research report on Wednesday, September 14th. Barclays PLC reaffirmed an “equal weight” rating and set a $49.00 price objective on shares of Harley-Davidson in a report on Thursday, July 7th. Finally, Stifel Nicolaus downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, July 15th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $51.16.
In other Harley-Davidson news, insider Lawrence G. Hund sold 12,537 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the completion of the sale, the insider now directly owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul J. Jones sold 2,517 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $54.03, for a total value of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in HOG. Harris Associates L P boosted its position in Harley-Davidson by 163.3% in the second quarter. Harris Associates L P now owns 7,918,594 shares of the company’s stock worth $358,713,000 after buying an additional 4,911,620 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Harley-Davidson by 46.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,702,359 shares of the company’s stock worth $530,116,000 after buying an additional 3,703,199 shares in the last quarter. Dodge & Cox boosted its position in Harley-Davidson by 20.9% in the first quarter. Dodge & Cox now owns 9,327,733 shares of the company’s stock worth $478,793,000 after buying an additional 1,614,713 shares in the last quarter. WBI Investments Inc. acquired a new position in Harley-Davidson during the second quarter worth $68,063,000. Finally, Kiltearn Partners LLP acquired a new position in Harley-Davidson during the second quarter worth $66,577,000. Institutional investors and hedge funds own 94.88% of the company’s stock.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
Receive News & Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.